American asset manager Franklin Templeton has entered the growing XRP exchange-traded fund (ETF) race, becoming the latest firm to file for a spot XRP ETF in the United States.
Franklin Templeton’s XRP (XRP) ETF is designed to track the performance of the XRP price, with XRP holdings stored at Coinbase Custody Trust, according to an official filing with the US Securities and Exchange Commission on March 11.
On the same day, the SEC postponed decisions on multiple crypto ETF filings, including Grayscale’s proposal to convert its XRP Trust into an ETF.
Despite the growing XRP ETF filing frenzy, BlackRock — issuer of the largest spot Bitcoin (BTC) ETF — has yet to submit a filing for an XRP-based product.
Who has filed for an XRP ETF in the US?
As of March 12, nine companies